Identical Brains Studios IPO

NiftyTrader • December 13, 2024

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Identical Brains Studios IPO opens for subscription on December 18, 2024 and closes on December 20, 2024. The allotment for the Identical Brains Studios IPO is expected to be finalized on Monday, December 23, 2024. Identical Brains Studios IPO will list on NSE SME with tentative listing date fixed as Thursday, December 26, 2024.

Identical Brains Studios IPO price band is set at ₹51 to ₹54 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹108,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹216,000.

Identical Brains Studios IPO is a book built issue of Rs 19.95 crores. The issue is entirely a fresh issue of 36.94 lakh shares.

Identical Brains Studios IPO Details

IPO Date	December 18, 2024 to December 20, 2024
Listing Date	[.]
Face Value	₹10 per share
Price	₹51 to ₹54 per share
Lot Size	2000 Shares
Total Issue Size	3,694,000 shares (aggregating up to ₹19.95 Cr)
Fresh Issue	3,694,000 shares (aggregating up to ₹19.95 Cr)
Issue Type	Book Built Issue IPO
Listing At	NSE SME
Shareholding pre-issue	10,331,958
Share holding post issue	14,025,958
Market Maker portion	186,000 shares

Identical Brains Studios IPO Lot Size

Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application	Lots	Shares	Amount
Retail (Min)	1	2000	₹108,000
Retail (Max)	1	2000	₹108,000
S-HNI (Min)	2	4000	₹216,000

Identical Brains Studios IPO Objectives

The company proposes to utilize the Net Proceeds from the Issue towards the following objects:

Funding capital expenditure towards the renovation of the existing Andheri office and studio.
Funding capital expenditure towards establishment of Colour Grading Digital Intermediate (“DI”) and Sound Studio Set up a new branch office in Andheri.
Funding capital expenditure towards the establishment of a new branch office in Lucknow.
Funding capital expenditure for the purchase of computers, storage systems and software to further strengthen the existing facilities/offices of the company.
Funding our incremental working capital requirements; and
General corporate purposes.

About Identical Brains Studios

Incorporated in 2019, Identical Brains Studios offers computer-generated visual effects (“VFX”) services. The company provides VFX services for projects such as films, web series, TV series, documentaries, and commercials.

The company has provided VFX services for films that received two Filmfare OTT Awards nominations, one Filmfare Awards nomination, one Dadasaheb Phalke Awards nomination and more for Best Visual Effects.

The company has also won two Filmfare OTT Awards for Best Visual Effects for Scam 1992: The Harshad Mehta Story (2020) and Rocket Boys (2022) in association with Variate Studios LLP and one Dadasaheb Phalke Awards for Phone Bhoot (2022) for Best Visual Effect.

Competitive Strengths:

Experienced management team with managerial, creative and technical expertise and industry relationships.

Operations in economically attractive locations.

Integrated technology and infrastructure.

Skilled creative and technical workforce.

Reputation as a trusted provider of VFX Services with established relationships throughout the Entertainment Industry.

Attractive business model, with significant revenue visibility and compelling opportunities for long-term margin expansion and cash flow generation.

Identical Brains Studios Financial Information

Period Ended	30 Sep 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	2,183.64	1,702.39	475.50	226.38
Revenue	1,149.62	2,026.38	808.26	390.75
Profit After Tax	240.54	534.65	161.28	51.01
Net Worth	1,436.08	1,203.62	288.51	127.23
Reserves and Surplus	402.89	514.82	287.51	126.23
Total Borrowing	17.09	19.04
				Amount in ₹ Lakhs

Identical Brains Studios IPO Reservation

Investor Category	Shares Offered
QIB Shares Offered	Not more than 50% of the Net Issue
Retail Shares Offered	Not less than 35% of the Net Issue
NII (HNI) Shares Offered	Not less than 15% of the Net Issue

Identical Brains Studios IPO Timeline (Tentative Schedule)

Identical Brains Studios IPO opens on December 18, 2024, and closes on December 20, 2024.

IPO Open Date	Wednesday, December 18, 2024
IPO Close Date	Friday, December 20, 2024
Basis of Allotment	Monday, December 23, 2024
Initiation of Refunds	Tuesday, December 24, 2024
A credit of Shares to Demat	Tuesday, December 24, 2024
Listing Date	Thursday, December 26, 2024
Cut-off time for UPI mandate confirmation	5 PM on December 20, 2024